and also that higher debt leads to lower growth Or that lower growth leads to higher debt. See Krugman's chart at http://krugman.blogs.nytimes.com/2013/04/16/r

and also that higher debt leads to lower growth Or that lower growth leads to higher debt. See Krugman's chart at http://krugman.blogs.nytimes.com/2013/04/16/reinhart-rogoff-continued/ http://krugman.blogs.nytimes.com/2013/04/16/reinhart-rogoff-....